EANS-News: K+S Aktiengesellschaft
Press releases
14.03.2012 – 18:38
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information/Personnel/K+S Aktiengesellschaft Kassel (euro adhoc) - After the meeting of K+S´s Supervisory Board has just ended we would like to inform you about changes within the Board of Executive Directors of K+S and the Supervisory Board´s resolution to propose to the Annual General Meeting that Dr. Ralf Bethke be re-elected as its Chairman. In addition, the Annual General Meeting shall decide on a new remuneration system for Supervisory Board members __________________________________________________ Changes in the Board of Executive Directors of K+S Aktiengesellschaft Joachim Felker retires on 30 September 2012 Dr. Burkhard Lohr appointed as new CFO by the Supervisory Board with effect from 1 June 2012 After 38 successful years in business, of which the past seven years on the Board of Executive Directors of K+S Aktiengesellschaft, Joachim Felker will, at the age of 60, retire upon expiration of his contract on 30 September 2012. The Supervisory Board and the Board of Executive Directors would like to thank Mr. Felker for his valuable contributions to the Company and for his many years of loyalty, and wish him all the best in his retirement. At its meeting held today, the Supervisory Board of K+S Aktiengesellschaft appointed Dr. Burkhard Lohr (49) to the Board of Executive Directors of the Company. Lohr will take over his position as CFO with effect from 1 June 2012. From 2006, Lohr has been CFO and additionally, from May 2008, Personnel Director of Hochtief AG, Essen. Previously, he had been CFO of Hochtief Construction AG, Essen, and for a number of years a member of the senior management of Hochtief in Essen and Munich. "We are delighted to welcome Dr. Lohr to our team and look forward to working together with him", said Norbert Steiner, Chairman of the Board of Executive Directors of K+S Aktiengesellschaft, who had taken over the post of CFO on a transitional basis. Dr. Lohr is married and father of two children. He studied business administration at the University of Cologne and obtained his Ph.D. at the Technical University of Braunschweig. Experience growth The K+S Group is one of the world's leading suppliers of standard and speciality fertilizers. In the salt business, K+S is the world´s leading producer with sites in Europe as well as North and South America. K+S offers a comprehensive range of goods and services for agriculture, industry, and private consumers, which provides growth opportunities in virtually every sphere of daily life. The K+S Group employs more than 14,000 people. The K+S share - the commodities stock on the German DAX index - is listed on all German stock exchanges (ISIN: DE000KSAG888, symbol: SDF). More information about K+S at www.k-plus-s.com. __________________________________________________ Kassel, 14 March 2012 K+S relies on competence and continuity Dr. Ralf Bethke nominated for further term of office as chairman of the Supervisory Board The Supervisory Board of K+S Aktiengesellschaft proposes the re-election of Dr. Bethke as Chairman of the body to the Annual General Meeting Shareholders decide on new remuneration system for Supervisory Board members At its meeting today, the Supervisory Board resolved to propose to the Annual General Meeting on 9 May 2012 that Dr. Bethke be re-elected to the Supervisory Board. His mandate ends at the close of the ordinary Annual General Meeting 2012. The members of the Supervisory Board further intend to once again elect Dr. Bethke as chairman of the Supervisory Board in the event of his successful re-election to the Supervisory Board. From 1991 to 2007, Dr. Bethke (69) had been chairman of the Board of Executive Directors of K+S Aktiengesellschaft and, also as chairman of the Supervisory Board, he contributed with his knowledge and experience considerably to the success and internationalisation of the K+S Group. Moreover, on 9 May 2012, the Annual General Meeting is to decide on an altering of the remuneration of the Supervisory Board. The Board of Executive Directors and the Supervisory Board consider that an exclusively fixed remuneration of the members of the Supervisory Board better takes account of the consulting and controlling function of the Supervisory Board, which generally exists independently of the success of the Company, than the existing form of remuneration, which also includes a variable component. Furthermore, it appears reasonable to adjust the remuneration for the activity in the committees of the Supervisory Board to the greater workload and complexity. The proposed change to the Supervisory Board remuneration is intended to ensure that in future too, members can be found for the Supervisory Board who have a high level of competence and long-term as well as international experience in the governance of and in providing advice to companies or business-related institutions. A member of the Supervisory Board shall in future receive fixed annual remuneration of EUR 100,000 (previously: EUR 55,000). The previous annual variable remuneration, which was determined by the amount of the return on total investment achieved by the K+S Group in the respective financial year and could amount to a maximum of EUR 45,000, will cease and not be replaced. The chairman of the Supervisory Board shall receive twice this amount and the vice-chairman one-and-a-half times the amount of such remuneration. The work on the committees of the Supervisory Board has increased significantly in scope and complexity in recent years. The members of the audit committee shall therefore receive annual remuneration of EUR 15,000 each (previously: EUR 7,500), and the members of the personnel committee annual remuneration of EUR 7,500 each (previously not remunerated). For his or her activity on the nomination committee, each member shall receive annual remuneration of EUR 7,500 (previously not remunerated) if at least two meetings have taken place in the respective year. The chairmen of these committees shall receive twice this amount and the vice-chairman one-and-a-half times the amount. Note to editors: A photo and the CV of Dr. Ralf Bethke can be found on the Internet at www.k-plus-s.com/en/aufsichtsrat/index.html Experience growth The K+S Group is one of the world's leading suppliers of standard and speciality fertilizers. In the salt business, K+S is the world´s leading producer with sites in Europe as well as North and South America. K+S offers a comprehensive range of goods and services for agriculture, industry, and private consumers, which provides growth opportunities in virtually every sphere of daily life. The K+S Group employs more than 14,000 people. The K+S share - the commodities stock on the German DAX index - is listed on all German stock exchanges (ISIN: DE000KSAG888, symbol: SDF). More information about K+S at www.k-plus-s.com. Your contact persons: Press: Michael Wudonig, CFA phone: +49 561 9301-1262 fax: +49 561 9301-1666 michael.wudonig@k-plus-s.com Investor Relations: Christian Herrmann, CFA phone: +49 561 9301-1460 fax: +49 561 9301-2425 christian.herrmann@k-plus-s.com K+S Aktiengesellschaft Communications P.O. Box 10 20 29, 34111 Kassel, Germany Bertha-von-Suttner-Str. 7, 34131 Kassel www.k-plus-s.com __________________________________________________________ Chairman of the Supervisory Board: Dr. Ralf Bethke Board of Executive Directors: Norbert Steiner (Chairman), Joachim Felker, Gerd Grimmig, Dr. Thomas Nöcker Registered Office: Kassel Commercial Register: Kassel HRB 2669 Further inquiry note: Press: Michael Wudonig, CFA phone: +49 561 9301-1262 fax: +49 561 9301-1666 michael.wudonig@k-plus-s.com Investor Relations: Christian Herrmann, CFA phone: +49 561 9301-1460 fax: +49 561 9301-2425 christian.herrmann@k-plus-s.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: K+S Aktiengesellschaft Bertha-von-Suttner-Straße 7 D-34131 Kassel phone: +49 (0)561 9301-1460 FAX: +49 (0)561 9301-2425 mail: christian.herrmann@k-plus-s.com WWW: http://www.k-plus-s.com sector: Chemicals ISIN: DE000KSAG888 indexes: DAX, Midcap Market Index, CDAX, Classic All Share, HDAX, Prime All Share stockmarkets: official dealing: Hannover, Berlin, Hamburg, regulated dealing: München, Stuttgart, official dealing/prime standard: Frankfurt language: English
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